“Real wages” hold the key: Will it turn positive? [Economic Column]
2024-04-07 00:06:00
The latest wage increase rate for spring labor unions announced by Rengo on the 4th of this month was an average of 5.24%. Continuing from last month, it has exceeded 5% this time as well, maintaining the highest level in 33 years. However, as ``real wages'' continue to decline due to the effects of rising prices, some say ``I don't really feel it.'' Against this backdrop, the new fiscal year has begun, with the wage increases from the spring labor union being reflected in salaries. There is a growing view that ``real wages'' may finally turn positive. (Economy Department reporter Airi Enoshima)
